Asia Mining News

Caterpillar touts automation solutions as top miners swing back to profit

The world's No.1 heavy machinery maker is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn and keep focused on maximizing returns and efficiency.

Global steel production is surging in 2017

Up 7% year on year across all regions, supporting rally in iron ore and rebound in coking coal prices.

Misinformed in the Age of Information: What is the ‘fake news’ impact on stock market prices?

While the phrase is on many people’s lips, the impact of fake news on the financial markets and high-frequency trading is not yet clearly defined.

World’s biggest miner hasn’t given up hope for potash

BHP Billiton still sees potash as a key commodity in which to base its future growth despite prices for the fertilizer remain weak.

BHP Billiton back into the black, pays higher-than-expected dividend

Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.

Potash demand destruction likely in India, after gov't hints at subsidy cut

Already reeling from decades-low prices, potash miners are staring at another headwind, this time from India, a major importer of the crop fertilizer ingredient.

Copper price turns higher again – Grasberg gashed

Top listed copper producer Freeport says negotiations with Indonesia going nowhere – will slash production at iconic mine by 60%.

China leading the charge for lithium-ion megafactories

As exciting as Tesla's Gigafactory 1 project is, it’s actually just one of multiple large-scale “megafactories” being built – with many of them being in China.

North Korea lights fire under coking coal price

The totalitarian state is the number three supplier to China of the steelmaking raw material.

China won't buy any more North Korean coal this year

The economic noose is being tightened around North Korea's neck after the pariah regime ignored a United Nations resolution by testing a missile last week.

Gold gets a shot in the arm from inflation and China

The question I have is: Why would an investor deliberately choose to lose money? But that’s precisely what’s happening now with inflation where it is.

Uranium price rally comes to screeching halt

Down more than 6% Friday as realities of Japanese reactor restarts make an impact.

CHARTS: The gigantic paper market to price gold

The gold market dwarves turnover on the Dow Jones and the S&P 500 combined, German and UK government bonds and even some of the top currency pairs.

De Beers Forevermark passes 2,000 global retail doors

Forevermark, the diamond brand from The De Beers Group of Companies, today announced it has passed 2,000 retail doors globally, following the opening of the Zen Diamond Anatolium store in the city of Bursa in Turkey. The milestone consolidates Forevermark’s position as one of the world’s fastest-growing diamond brands.

Interest rates, inflation, and Trumpian troubles point up for gold

Gold prices of late have been testing support just under the market, if you will, preparing for a healthy rally into higher territory.

Vale’s iron ore output just hit another record

The world’s No.1 iron ore miner produced 349 million tonnes of the steelmaking ingredient in 2016, helped partly by the opening of its massive S11D mine.

China may tighten up coal output curbs again as prices collapse

Restrictions would remain in place for six months, with some mines and areas possibly excluded.

Coking coal resumes sharp decline

Down 4.7% on Tuesday to five-month low as ultra-cheap Mongolian coal gets trucked into market.

Freeport halts Grasberg mine, begins sending workers home

The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.

Canada’s Cameco posts $62 million loss hurt by sinking uranium prices

Prices for the radioactive metal have fallen more than 50% since the Fukushima disaster in 2011

Coal dust near Great Barrier Reef worries scientists, environmentalists

Coal has washed up very close to the UNESCO World Heritage Site, Australian authorities said, following an investigation into complaints of black dust on nearby beaches.

Copper price drops despite outages at world's biggest mines

Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.

Rio Tinto logs first annual gain since 2013 on iron ore rally

Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.

Japan to host largest energy event in over a decade

The Asian nation will continue to lead in global gas & LNG as the country prepares to welcome 25,000 professionals from across Japan and the world, including JERA, Tokyo Gas, Mitsubishi Corporation, Mitsui & Co, ExxonMobil, Shell and many more.

Russia’s Alrosa January sales up 60%

The world's top diamond producer by output in carats fetched $358 million in rough gems and $7.28 million in polished rocks last month.